B. Riley Securities Maintains Buy on PubMatic, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained its Buy rating on PubMatic (NASDAQ:PUBM) but has lowered the price target from $31 to $22.
August 09, 2024 | 4:32 pm
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B. Riley Securities has maintained its Buy rating on PubMatic but has lowered the price target from $31 to $22.
The maintained Buy rating suggests continued confidence in PubMatic's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100